Consumer mood brightens

Government help stokes confidence

Consumer sentiment recovered in October after falling for the first time in five months in September when concerns over political instability, a slow economic recovery and higher unemployment as a result of the pandemic were at their highest.

The University of the Thai Chamber of Commerce (UTCC) reported on Thursday the consumer confidence index edged up to 50.9 in October from 50.2 in September, following readings of 51 in August, 50.1 in July, 49.2 in June, 48.2 in May and 47.2 in April.

“A host of government stimulus packages, such as the half-half co-payment programme, the ‘We Travel Together’ programme, and the ‘Shop and Payback’ tax rebate scheme, have helped to boost consumer sentiment,” said Thanavath Phonvichai, the UTCC president.

“Rising farm…

Consumer mood brightens